$0.10 Earnings Per Share Expected for Altice USA Inc (NYSE:ATUS) This Quarter

Equities analysts forecast that Altice USA Inc (NYSE:ATUS) will post earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Altice USA’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.05. Altice USA posted earnings per share of $0.04 during the same quarter last year, which indicates a positive year over year growth rate of 150%. The firm is expected to announce its next earnings results on Monday, November 4th.

On average, analysts expect that Altice USA will report full-year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.22 to $0.45. For the next financial year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.31 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Altice USA.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Altice USA had a return on equity of 13.57% and a net margin of 3.16%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the firm posted ($0.13) EPS. The company’s revenue was up 3.7% compared to the same quarter last year.



A number of equities analysts recently weighed in on the company. Nomura raised their price objective on Altice USA from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp raised their price objective on Altice USA from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Macquarie assumed coverage on Altice USA in a report on Wednesday, June 19th. They set a “buy” rating and a $30.00 price objective on the stock. TD Securities raised their price objective on Altice USA from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on Altice USA from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.82.

In related news, insider Michael Olsen sold 30,000 shares of Altice USA stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.03, for a total transaction of $810,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis Okhuijsen sold 551,724 shares of Altice USA stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $24.67, for a total value of $13,611,031.08. The disclosure for this sale can be found here. Insiders own 45.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Altice USA by 1.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,103 shares of the company’s stock worth $952,000 after acquiring an additional 400 shares in the last quarter. Cerebellum GP LLC boosted its holdings in Altice USA by 6.5% in the first quarter. Cerebellum GP LLC now owns 15,114 shares of the company’s stock worth $325,000 after acquiring an additional 924 shares in the last quarter. Advisor Group Inc. boosted its holdings in Altice USA by 26.6% in the second quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock worth $111,000 after acquiring an additional 945 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Altice USA by 0.7% in the second quarter. TD Asset Management Inc. now owns 206,409 shares of the company’s stock worth $5,026,000 after purchasing an additional 1,527 shares during the last quarter. Finally, AlphaCrest Capital Management LLC raised its stake in shares of Altice USA by 9.0% in the first quarter. AlphaCrest Capital Management LLC now owns 20,600 shares of the company’s stock worth $442,000 after purchasing an additional 1,700 shares during the last quarter. 50.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ATUS traded down $0.35 during trading hours on Friday, reaching $26.55. 7,267,263 shares of the stock traded hands, compared to its average volume of 5,006,843. The company has a market capitalization of $17.29 billion, a P/E ratio of 331.88 and a beta of 0.99. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 9.18. Altice USA has a 52-week low of $14.49 and a 52-week high of $27.74. The company’s 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $23.51.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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Earnings History and Estimates for Altice USA (NYSE:ATUS)

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